Leasehold

Parsley Grabbing More West Texas Leasehold in $400M Deal

Parsley Grabbing More West Texas Leasehold in $400M Deal

West Texas-focused Parsley Energy Inc. continued its Permian Basin spending spree on Monday, agreeing to pay $400 million for a bolt-on leasehold in the Midland sub-basin.

August 16, 2016
Concho’s $1.6B Deal in Permian Boosts Midland Position

Concho’s $1.6B Deal in Permian Boosts Midland Position

Permian Basin pure-play Concho Resources Inc. agreed Monday to pay $1.625 billion in cash and stock to Reliance Energy for 40,000 net acres in the Midland sub-basin.

August 16, 2016

Continental Resources Increases 2016 Production Guidance on Surging STACK Well Results

Encouraged by “outstanding” STACK well results, Continental Resources on Thursday increased its 2016 production guidance by 5,000 boe/d to 210,000-220,00 boe/d and expects to exit the year with production at 195,000-205,000 boe/d.

August 5, 2016
Goodrich Sells Some Eagle Ford, Retains Some For Better Times

Goodrich Sells Some Eagle Ford, Retains Some For Better Times

In a liquidity-boosting move, Goodrich Petroleum Corp. is selling Eagle Ford Shale proved reserves and leasehold in LaSalle and Frio counties in Texas for $118 million while retaining some acreage for potential development or sale later. The move was not cheered by analysts or investors.

July 27, 2015

Questar Unit Adding More Wyoming Natural Gas Assets

Questar Corp.’s exploration and production subsidiary on Monday agreed to pay $106.4 million to bolt-on more natural gas wells to an existing leasehold in Wyoming.

July 30, 2013
Chesapeake Moving from Risk-Taker to Profit-Maker

Chesapeake Moving from Risk-Taker to Profit-Maker

Chesapeake Energy Corp., the mega-operator that Aubrey McClendon built shale-by-shale, is being repurposed brick-by-brick as the company transitions from risky exploration to steady production.

July 8, 2013
‘Now’s the Time’ to Accelerate Natural Gas Production, Says WPX Chief

‘Now’s the Time’ to Accelerate Natural Gas Production, Says WPX Chief

WPX Energy Inc. plans to deploy two more drilling rigs to the five now running in Western Colorado’s Piceance Basin, which should add an incremental 1.9 Bcfe in natural gas-weighted output through the rest of this year, the Tulsa operator said Wednesday.

June 6, 2013

Range Sees Marcellus Potential of 8 Bcf/d

Range Resources Corp.’s Marcellus Shale leasehold has the potential to produce up to 8 Bcf/d, an executive said last week.

May 27, 2013

Clayton Williams Monetizes Texas Assets

Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.

April 22, 2013

EnerVest Utica Acreage Marketed in 13 Packages

EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.

April 18, 2013
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